Bitcoin's Sudden Drop

In a surprising turn of events, Bitcoin's value plummeted by more than 5%, dipping below the $92,000 threshold. This marks the cryptocurrency's lowest point since February 3, stirring concerns among investors worldwide.

Market Shaken by Heist

The cryptocurrency market faced further instability following a significant heist at the Bybit exchange, where $1.5 billion was stolen. Despite the chaos, Bybit has announced that transactions have normalized and recovery efforts are in progress.

Economic Uncertainty Looms

Investors are also grappling with the potential repercussions of a trade war between the United States and China, adding to the market's volatility. This uncertainty has echoed through Wall Street, which closed with sharp losses and continued its downward trend into the new week.

At 7:08 pm ET, Bitcoin was trading at $91,506.707, down by 0.07%. Shortly after, Ethereum saw a 0.38% decrease, trading at $2,494.2727.